Forging Corporation uses a process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work-in-process inventory: Units in beginning work-in-process inventory Materials costs Conversion costs- Percent complete with respect to materials Percent complete with respect to conversion- Units started into production during the month Materials costs added during the month- Conversion costs added during the month- Ending work-in-process inventory: Units in ending work-in-process inventory Percent complete with respect to materials Percent complete with respect to conversion 600 + 6,600 + 2,700 60% 2 10%+ + 7,000 $ 102,200 - $ 259,200 * 1,500 55%+ + 10% Required: 1. How many physical units of product are transferred out during the month? + 2. If Forging uses the weighted average method, what are the equivalent units of materials for the month? 3. If Forging uses the weighted average method, what is the cost per equivalent unit for materials for the month? 4. If Forging uses the FIFO method, what are the equivalent units of conversion for the month? 5. If Forging uses the FIFO method, what is the cost per equivalent unit for conversion for the month